Ethereum Foundation deploys $120M to DeFi apps; community celebrates 🎉
The Ethereum Foundation has successfully deployed 45,000 ETH, equivalent to $120 million, into prominent decentralized finance (DeFi) protocols, including Aave, Spark, and Compound. The crypto community has been rejoicing this strategic financial move, recognizing its potential to bolster growth within the DeFi ecosystem.
This significant investment marks a progressive step in fostering development and adoption in the decentralized finance realm, showcasing Ethereum's commitment to strengthening its role within the financial technology sphere.
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